Asia Pacific General Insurance Company Limited (DSE: ASIAPACINS)

ASIAPACINS Income Statement

Financials in millions BDT. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	386.52	404.9	338.46	302.24	290.17	347.5
Total Interest & Dividend Income	58.07	55.51	49.78	41.69	41.93	53.01
Gain (Loss) on Sale of Investments	-0.3	1.8	1.47	14.92	-34.43	1.46
Other Revenue	51.95	52.96	50.77	35.74	33.7	38.69
Total Revenue	496.25	515.18	440.48	394.6	331.38	440.67
Revenue Growth (YoY)	6.97%	16.96%	11.63%	19.08%	-24.80%	7.92%
Policy Benefits	166.24	174.43	85.97	70.24	38.22	129.99
Policy Acquisition & Underwriting Costs	74.28	86	80.02	23.81	69.32	84.65
Depreciation & Amortization	7.59	7.87	4.53	8.59	8.94	9.38
Selling, General & Administrative	113.72	121.92	117.38	118.01	97.43	111.5
Other Operating Expenses	2.65	2.65	1.92	0.26	0.29	0.32
Total Operating Expenses	366.98	395.37	291.91	222.99	218.21	337.84
Operating Income	129.27	119.81	148.57	171.6	113.17	102.83
Interest Expense	-	-	-	-	-	-0.13
Other Non Operating Income (Expenses)	-1.91	-1.91	-1.67	-1.3	-1.36	-0.21
EBT Excluding Unusual Items	127.36	117.89	146.91	170.31	111.81	102.49
Gain (Loss) on Sale of Assets	-	-	0.03	-	-	-
Pretax Income	127.36	117.89	146.94	170.31	111.81	102.49
Income Tax Expense	35.89	30.32	46.78	71.61	28.58	28.65
Net Income	91.47	87.57	100.16	98.69	83.23	73.83
Net Income to Common	91.47	87.57	100.16	98.69	83.23	73.83
Net Income Growth	-9.42%	-12.57%	1.49%	18.58%	12.73%	12.47%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	-0.06%	-	-	-	-	-
EPS (Basic)	2.16	2.07	2.37	2.33	1.97	1.74
EPS (Diluted)	2.16	2.07	2.37	2.33	1.97	1.74
EPS Growth	-9.36%	-12.57%	1.49%	18.58%	12.73%	12.47%
Free Cash Flow	186.13	104.48	106.58	165.48	88.48	85.88
Free Cash Flow Per Share	4.40	2.47	2.52	3.91	2.09	2.03
Dividend Per Share	1.200	1.200	1.500	1.800	1.000	1.000
Dividend Growth	-20.00%	-20.00%	-16.67%	80.00%	0%	0%
Operating Margin	26.05%	23.26%	33.73%	43.49%	34.15%	23.33%
Profit Margin	18.43%	17.00%	22.74%	25.01%	25.12%	16.76%
Free Cash Flow Margin	37.51%	20.28%	24.20%	41.94%	26.70%	19.49%
EBITDA	136.86	127.67	153.1	180.2	122.11	103.2
EBITDA Margin	27.58%	24.78%	34.76%	45.67%	36.85%	23.42%
D&A For EBITDA	7.59	7.87	4.53	8.59	8.94	0.37
EBIT	129.27	119.81	148.57	171.6	113.17	102.83
EBIT Margin	26.05%	23.26%	33.73%	43.49%	34.15%	23.33%
Effective Tax Rate	28.18%	25.72%	31.83%	42.05%	25.56%	27.96%

Source: S&P Capital IQ. Insurance template. Financial Sources.